The third round: ETF plans to invest ten times in ten years.
If the sky is to become a great task for the Sri Lankan people, they must first suffer their minds, their bones and muscles, their bodies, their bodies and their actions. Therefore, they must be patient and benefit from their incompetence. "
Perhaps it is precisely because of the hardships experienced in the first half of life that those successful people have honed their indomitable will. They showed perseverance in the later struggle.
Munger's perseverance has a lot to do with his experience. He began to earn pocket money for himself when he was very young. Because of the war, he had to give up his studies and study various subjects. He divorced his wife soon after he worked. In order to treat his son, he spent almost all his savings, but he still didn't save his son.
These physical and mental tortures did not crush Munger. He seems to have a positive energy hidden in his heart. No matter how difficult it is, he remains optimistic about life and work.
Debt is still a heavy family financial burden, and he carried it down. Under such a heavy burden, he successfully reversed and earned the first million in his life.
How did he do it? Only after reading the Collection of Poor Charlie did I realize that he has a set of wisdom in this world and has been insisting on it. The wealth of his life comes from two principles he has always adhered to.
First of all, do a good job at hand.
Munger applied this principle to his work and life. His father taught him to "focus on tasks" from an early age, so this helped him to develop good work habits to a great extent.
He joined the company as a junior partner, but he brought the value of a senior partner to the company. He treated every customer case with care and won a group of loyal customers, which laid the foundation for his later investment career.
Later, a friend asked him to help with an inheritance, which was a piece of land near California Institute of Technology. Munger suggested developing that land. This friend invited Munger to develop with him and was willing to share the profits with him.
After research and analysis, Munger suggested building an apartment there. They pooled $654.38 million as capital investment, and finally their profits quadrupled. The apartment they developed sold well and they reinvested. "I've been working on five apartment projects, and when it's all over, I have $654.38+$04,000." Munger said.
This is Munger's first million-dollar income, which was obtained through real estate development. As the saying goes, a good career brings good results, and this income comes from Munger's persistence in his work and his responsibility to customers, which has established a preliminary trust foundation for him.
Second, persist in learning and invest in the future.
As long-term partners, Munger and Buffett share a common hobby, that is, reading.
Munger said, "In my life, there is not a smart person who doesn't read every day." He and Buffett are like learning machines. It is hard to imagine how much they have read. They think that reading is the lowest cost investment, and it is very worthwhile to spend time learning a person's wisdom in a book.
Munger believes that the growth of wealth depends on accumulation. He and Buffett are both minimalists, but their money is not used for saving, but for investing to earn more wealth.
This article talks about food.
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Why do we regard fixed investment as a belief?
In the past 200 years, the purchasing power of cash has decreased by 95%, gold has only increased several times, and long-term debt has increased by 1 0,000 times, but these are not as good as the stock market, and the stock market has increased by 1 0,000 times. ...
Before the fixed investment, we must refer to the plan of ten times the fixed investment ETF index in ten years.
Please refer to the public fixed investment menu for the fixed investment plan to be operated;
Without other supplements, emergency messages and raiders will be sent as soon as possible;
Previous valuation:
February 2005 ETF valuation data and main index performance
65438+February 20, 2008 ETF valuation data and main index performance
65438+1October 65438+April ETF valuation data and main index performance.
Some previous questions:
The third round: ten times fixed investment ETF index plan in ten years
Collection: ETF index funds are classified and ranked, and excellent index funds are caught in the net.
Starting from 6 124, which ETF index funds are the most profitable today after 12?
How to improve the investment efficiency of ETF index funds in the most stupid way?
230 ETF funds have a large inventory! These 20 companies are the most profitable this year.
What exactly is an ETF index fund?
The index should also be diversified. How to build an index fund portfolio?
What industry index funds can be allocated for a long time?
Index funds don't need stop loss! The key is to keep in mind the characteristics of immortality and long-term rise.
One picture and two seconds to understand! Why are you buying ETFs after 70, 80 and 90?
Essence! Analysis and comparison of fixed investment: must we start from the stage of bear market decline to make a profit?
ETF index fund investment: make money first, and it is enough to read the book.
Official account of WeChat: ETF Fixed Investment Report (etfdtb)
China ETF with excellent investment performance is a firm guide for wealth companies.
When should you choose to buy and sell specifically?